U.S.-Iran tensions escalated near the Strait of Hormuz as Iran retaliated for U.S. strikes on Larak Island, pushing Brent crude above $89.

U.S. strikes Iranian launchers near the Strait of Hormuz as Iran vows retaliation and Brent crude returns toward $90.

Oil rises Monday, amid heightened concerns over supply disruptions after U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday.